BSECompany Update5d ago · 16 Oct 2026, 10:48 am
Intimation of Credit Rating by CRISIL Ratings Limited
Kalpataru Projects International Ltd · 522287
✦ AI Summary▲ PositiveRating Change
Kalpataru Projects International Ltd has announced that CRISIL Ratings Limited has upgraded and reaffirmed its credit ratings, with the long-term rating upgraded to 'Crisil AA+/Stable' and the short-term rating reaffirmed at 'Crisil A1+'. The upgrade is effective from October 15, 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Kalpataru Projects International Ltd - 522287 - Announcement under Regulation 30 (LODR)-Credit Rating
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KPIL/26-27
16th October, 2026
BSE Limited National Stock Exchange of India Ltd.
Corporate Relationship Department ‘Exchange Plaza’, C-1,
Phiroze Jeejeebhoy Towers Block ‘G’, Bandra-Kurla Complex
Dalal Street, Fort Bandra (E)
Mumbai - 400 001 Mumbai – 400 051
Scrip Code: 522287 Scrip Code: KPIL
Sub.: Crisil Ratings Upgrades Kalpataru Projects International Limited’s Long Term
rating to ‘Crisil AA+ /Stable’; Affirms Short Term rating at ‘Crisil A1+’ - Regulation
30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Respected Sir / Madam,
This is to inform that CRISIL Ratings Limited (“CRISIL”) vide its Press Release dated
15th October, 2026, received by the Company on 15th October, 2026 at about 05:26 p.m.
(IST), has upgraded and reaffirmed rating of various financial facilities / instruments of the
Company, details of which are given below:
Bank facilities Rating Rating Action
Long Term Rating Crisil AA+/Stable Upgraded from ‘Crisil AA/Stable’
Short Term Rating Crisil A1+ Reaffirmed
Instruments Rating Rating Action
Rs. 150 Crore NCDs Crisil AA+/Stable Upgraded from ‘Crisil AA/Stable’
Rs. 250 Crore Commercial Crisil A1+ Reaffirmed
Paper
This is to further inform that CRISIL has withdrawn the rating (Crisil AA/Stable) assigned to
the Non-Convertible Debentures issued under ISIN INE220B08100, as the Company has fully
repaid the same.
Further, as required in pursuance of Regulation 55 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI
Master Circular No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated 11th July,
2025, the details in respect of Credit Rating for Non-Convertible Debentures of the Company
is as under:
Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500
Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000
Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281
Details of credit rating
Current rating details
Sr. ISIN Name Credit rating Outlook Rating Specify Date of Verificatio Date of
No. of the assigned (Stable/ Action other Credit n status verificatio
Credit Positive/ (New/ rating rating of Credit n
Rating Negative Upgrad action Rating
Agency / No e/ Agencies
Outlook) Downgr
ade/Re-
Affirm/
Other)
1 2 3 4 5 6 7 8 9 10
1 INE220B08100 CRISIL Withdrawn - Other Withdrawn 15-10- Verified 15-10-2026
Ratings (as repaid in (as repaid 2026
Limited full) in full)
2 INE220B08126 CRISIL Crisil Stable Upgraded - 15-10- Verified 15-10-2026
Ratings AA+/Stable 2026
Limited
Please take the same in your records.
Thanking you,
Yours faithfully,
For Kalpataru Projects International Limited
Shweta Girotra
Company Secretary
Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500
Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000
Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281